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Archived Grant Opportunity View - GO1207

Sector Readiness Fund - Fund Administrator

Contact Details

Community Grants Hub Support

P: 1800 020 283

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GO ID:
GO1207
Agency:
Department of Social Services
Close Date & Time:
12-Jun-2018 2:00 pm (ACT Local Time)
Show close time for other time zones
Internal Reference ID:
2017-1853
Primary Category:
261001 - Industry Innovation
Publish Date:
3-May-2018
Location:
ACT, NSW, VIC, SA, WA, QLD, NT, TAS
Selection Process:
Open Competitive

Description:

The Australian Government is inviting applications via an open process to apply to deliver services under the Social Security – Working Age Payments – Social Impact Investment in the ‘Sector Readiness Fund – Fund Administrator’ area from 30 June 2018 to 2021.  Funding will be offered to one organisation as a result of this process.

A Social Impact Investing package was announced in the 2017-18 Budget, which included $30 million over 10 years to support social impact investments and grow the social impact investing market. Around $22 million will be used to support Commonwealth-state social impact investments and up to $7.48 million is for a Sector Readiness Fund (Fund) to support capability building for non-government organisations to bring new social impact investments to market.

The Fund will require interaction between three distinct stakeholders:
•The fund administrator, responsible for delivering the Fund and implementing their own selection processes to distribute grants from the Fund.
•Grant applicants of the Fund, who will apply to/receive grants from the fund administrator in order to build the capability of their organisation to bring an idea to the impact investment market.
•Specialist advisors, who will partner with grant recipients and deliver specified capability building activities to support the grant recipient to bring an idea to the impact investment market.

This grant opportunity is for the selection of a fund administrator with expertise in the Australian social impact investing market.

Eligibility:

Refer to section 3 Grant eligibility criteria for eligibility criteria requirements.

There are two separate allocations of funding in this grant opportunity (refer to section 3). The Fund will be managed and distributed independently in the form of small grants disbursed by the fund administrator. The remaining allocation will go to the fund administrator directly, to manage the costs of administering the Fund. Both of these allocations have distinct eligible activities and must be spent separately, as specified in sections 4.1.1 and 4.1.2 of the Grant Opportunity Guidelines.

 

Grant Activity Timeframe:

The expected completion date for the granting activities is 30 June 2021.

Total Amount Available (AUD):
$7,480,000.00
Instructions for Lodgement:

To apply, go to the Applicaton Form here

Questions and answers for this grant round are available in the grant opportunity documentation pack.

 If you cannot find an answer to your question, relating to this selection process or the Activity, please send your question to support@communitygrants.gov.au.  The Community Grants Hub will respond to your questions within five working days.

The question and answer period will close at 5:00pm AEST 5 June 2018.

Other Instructions:

 

 

 

PLEASE NOTE: The Community Grants Hub system will be unavailable from 4:30 pm Saturday 9 June to 5:30 am Sunday 10 June EST. Application forms submitted during this time will not have access to data validation checks. You may enter this data manually. However, submission is recommended outside the outage period.

This grant opportunity is for the selection of a fund administrator with expertise in the Australian social impact investing market.

 

Addenda Available:
Yes

Contact Details

Community Grants Hub Support

P: 1800 020 283

E:

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